Data Management Insight Blogs The latest content from across the platform
Thomson Reuters Down 54% as a Result of Merger Costs
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,…
Fidelity ActionsXchange Promotes Pollard to Head Operations
Fidelity ActionsXchange has appointed Laura Pollard as executive vice president and head of the company. Pollard will report to Larry Renfro, president of Fidelity Developing Businesses, a new division that comprises a number of growing businesses and strategic initiatives for the corporate actions processing vendor. Pollard, a 19-year Fidelity veteran, will lead all aspects of…
The Opportunities for Cost Savings in Performance Reporting
By Penny Davenport, managing director at Markit Document Exchange In 2008, “credit crunch” has become part of the common vocabulary used across all types of media from business programmes to style magazines. According to Wikipedia, a credit crunch is a sudden reduction in the availability of loans or credit, or a sudden increase in the…
Entity Data is a Natural Extension to Reference Data, FIMA Delegates Told
The industry is moving to an entity driven world and entity data is a “natural extension to reference data”, delegates to FIMA’s Entity Data Management conference in New York were told. This reliance on entity data is evident when a crisis like the collapse of Bear Stearns hits and firms are scrambling to identify exposure,…
OTC Val Expands Derivatives Coverage to Synthetic and Bespoke Products
OTC Valuations (OTC Val), a provider of independent derivatives valuation and risk reports for structured products and exotic derivatives, has expanded its derivatives coverage for credit, inflation, equity, FX, and fixed income products. The vendor has increased its asset class coverage to meet client demands for both vanilla and complex derivatives pricing. OTC Val has…
Counterparty Risk Should be Monitored Daily, Recommends CRMPG
As part of the industry’s drive to contain systemic risk, financial institutions should receive daily end of day counterparty risk reports, according to the Counterparty Risk Management Policy Group’s (CRMPG) recent report. The group was formed in April this year to examine the steps that must be taken by the private sector to reduce the…
The Right and Wrong Approaches to Enterprise Master Data Management Journeys
By Ravi Shankar, senior director of product marketing at Siperian There are two kinds of organisations: those that have implemented a master data management (MDM) solution and those that haven’t but undoubtedly will in the near future. Despite where each organisation may be in their MDM effort, what each have in common are questions about…
DTCC Appoints Lewis to Head New Syndicated Loan Business
The Depository Trust & Clearing Corporation (DTCC) has appointed Mathew Keshav Lewis to head up its new syndicated loan business in Europe. Lewis will become vice president, European loans product management, and lead the business development for DTCC’s new LoanServ product line in Europe. LoanServ is a new suite of services that DTCC says will…
NewRiver Joins XBRL US as Part of Plan to Simplify Financial Disclosure
NewRiver, a US provider of a central repository of mutual fund documents and data for financial services firms, has joined XBRL US, the national consortium for XML business reporting standards. The firm has joined the consortium in order to help the industry simplify financial disclosure, according to Russ Planitzer, president and CEO of NewRiver. The…
Essent Trading Replaces Proprietary Pricing Database with Asset Control’s Platform
Swiss energy trading outfit Essent Trading has picked Asset Control’s data management software to replace its proprietary pricing database. The firm is using the Asset Control solution to centralise its energy and commodity market data. According to Essent Trading, its growth in energy and commodities across markets in Europe means that the ability to manage…